05:03 AM EDT, 06/18/2025 (MT Newswires) -- MakeMyTrip ( MMYT ) said Wednesday it priced a public offering of 16 million shares at $90 each for about $1.41 billion in expected net proceeds.

The offering was upsized from a previously planned 14 million shares.

The company granted the underwriters a 13-day option to buy up to 2.4 million additional shares.

MakeMyTrip ( MMYT ) also priced a private offering of $1.25 billion of 0% convertible senior unsecured notes due July 1, 2030, for about $1.23 billion in estimated net proceeds. The company granted the initial purchasers a 13-day option to buy up to an additional $187.5 million of the notes.

The company said it plans to use the net proceeds from the offerings to repurchase a portion of its class B shares from Trip.com Group.

Both offerings are expected to close Monday.